Historical Year Data · 2022
China Real Effective Exchange Rate in 2022
China Real Effective Exchange Rate opened 2022 at 105.07 and closed at 97.44, a -7.26% move for the year. The high of 106.40 was reached on March 1, and the low of 96.88 on November 1.
Open
105.07
2022-01
Close
97.44
12 data points
High
106.40
Mar 1
Low
96.88
Nov 1
Full Year Change
-7.26%
2021 Change
+3.41%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 105.07 | 105.07 | 105.07 | 105.07 | +0.00% |
| Feb | 105.87 | 105.87 | 105.87 | 105.87 | +0.00% |
| Mar | 106.40 | 106.40 | 106.40 | 106.40 | +0.00% |
| Apr | 105.22 | 105.22 | 105.22 | 105.22 | +0.00% |
| May | 101.30 | 101.30 | 101.30 | 101.30 | +0.00% |
| Jun | 101.44 | 101.44 | 101.44 | 101.44 | +0.00% |
| Jul | 103.41 | 103.41 | 103.41 | 103.41 | +0.00% |
| Aug | 101.88 | 101.88 | 101.88 | 101.88 | +0.00% |
| Sep | 101.14 | 101.14 | 101.14 | 101.14 | +0.00% |
| Oct | 99.43 | 99.43 | 99.43 | 99.43 | +0.00% |
| Nov | 96.88 | 96.88 | 96.88 | 96.88 | +0.00% |
| Dec | 97.44 | 97.44 | 97.44 | 97.44 | +0.00% |
Events During 2022
2022 Fed Rate Hiking Cycle
Stagflation
March–December 2022
The Fed raised rates 425bps in 2022, the fastest hiking cycle since the Volcker era. The 60/40 portfolio posted its worst year since 1937.
2022 UK Mini-Budget & Gilt Crisis
Stagflation
September 23 – October 14, 2022
UK Prime Minister Liz Truss's September 23, 2022 mini-budget triggered a collapse in sterling and gilts. LDI pension strategies faced forced liquidation. The Bank of England intervened to prevent financial instability.
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